Cogent Communications Holdings, Inc. (NASDAQ:CCOI)

The Company provides low cost, high-speed Internet access and Internet Protocol communications services to small and medium-sized businesses, communications service providers and other bandwidth-intensive organizations.

Cogent is one of the last of those 2000-era stocks that continues to rise in the telecom space on no premise. The company has reported increasing loss the last two quarters and for five years running now. Yet somehow they always have an analyst willing to back a 40% higher price target. The technicals here are finally looking broken and the prospect of another $1+ loss per share is a reality for the year. 6.5 times sales, 7 times book and a rich history of losses. Im not impressed.

Moving Average Convergence/Divergence (MACD) indicates a Bullish Trend.Chart pattern indicates a Strong Upward Trend.Relative Strength is Bullish.Up/Down volume pattern indicates that the stock is under Accumulation.The 50 day Moving Average is rising which is Bullish.The 200 day Moving Average is rising which is Bullish.Look for Support at 16.14